Obama's Fix For Gas Prices: "Set Up A Task Force To Look Into Speculation"
"I think the American people understand that we donâ€™t have a silver bullet when it comes to gas prices. Weâ€™ve been talking about this for 30 years. The only way to stabilize gas prices is to reduce our dependency on fore oil and we just put out a report that over the last year or so, weâ€™ve been able to reduce our dependence on foreign oil by a million barrels. Thatâ€™sâ€™ significant. In the meantime, cuz I know people are hurting right now and it feels like a tax out of their paychecks, what weâ€™re doing is looking at every single area that can affect gas prices, from bottlenecks that are out there, weâ€™ve set up a task force to look into speculation to make sure people are taking advantage of the situation on the global oil markets," President Obama told WKRC-TV.